Cryptocurrency trading is a long-term plan; it is not about achieving results overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

5.11 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

Yesterday, Bitcoin retraced and then attacked again, with the price breaking through the resistance level of 104,000 as expected. However, there is strong selling pressure nearby, causing the market to be blocked and enter a high-level consolidation. Although the market has not stabilized above 104,000 to show strong upward movement, the range is slowly shifting upward, and bullish sentiment continues to warm up. The trend is expected to break upward, so all cryptocurrency friends should prepare in advance.

On the daily chart, the trend shows multiple consecutive bullish candles, with the price consistently maintaining above the upper Bollinger Band. Currently, support has moved up to around 102,000, and both the five-day and ten-day moving averages are showing upward momentum. The indicators in the supplementary chart are all expanding upward, indicating that the intraday trend remains strong. Mr. Coin suggests that everyone should trade in the direction of the trend.

On the short-term 4-hour chart, the Bollinger Bands are slightly narrowing. After the price faced pressure around 104,000, the market entered a high-level consolidation, and the strength of the pullback is gradually weakening. Support is slowly moving up, while the slow line on the 4-hour chart has formed a death cross downward, and the red momentum bars are shortening. The golden cross on the daily chart continues, but the red bars are flattening, so caution is needed for potential top divergence risks. The 4-hour RSI (14) has fallen to around 68, exiting the overbought zone but still in a strong range; the daily RSI (14) is at a high level of 74 and is in a state of stagnation. EMA: The current price is stable above EMA7 (103,131), and EMA7/30/120 are still in a bullish arrangement. Pay close attention to the defensive strength of EMA30 (100,500). The strategy remains to buy on pullbacks, with support levels to watch at 102,000-105,000.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

5.11 Short-term Reference for Bitcoin:

Light short positions at 104,300-105,300, with a stop-loss at 104,500 and a target below 102,000.

Long positions at 102,000-101,000, with a stop-loss of 500, adding at 99,500, and a target above 102,500.

5.11 Short-term Reference for Ethereum:

Short positions at 2,490-2,545, with a stop-loss at 2,650 and a target below 2,390.

Long positions at 2,340-2,390, with a stop-loss of 30 points and a target above 2,420.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: Mr. Coin in the cryptocurrency circle. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

For more real-time trading strategies, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are not familiar with trading to study and learn together.

Exclusive opinions, articles may be delayed in sending, risks are self-borne, and it is important to control your position reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle, refusing to plagiarize and respecting originality!

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